SUPERVALU Selected as Grocery Wholesaler by The Fresh Market

August 15, 2016 06:30 AM Eastern Time

MINNEAPOLIS--(EON: Enhanced Online News)--SUPERVALU INC. (NYSE:SVU) and THE FRESH MARKET, INC. today announced
they have reached a long-term supply agreement for SUPERVALU to serve as
a grocery wholesaler and distributor to The Fresh Market. Founded in
1982 and headquartered in Greensboro, North Carolina, The Fresh Market
is a specialty retailer focused on providing delicious and healthy food
and a high level of service to its customers.

“We are excited about this relationship with SUPERVALU”

“The Fresh Market is a terrific organization with a tremendous store
base and a great consumer offering,” said SUPERVALU President and CEO
Mark Gross. “The stores offer a great shopping experience. They are
extremely well merchandised, meet customer demand with a keen focus on
fresh, and provide a wonderful mix of traditional and specialty
products. This is an excellent example of how our experience, strong
distribution network and overall wholesale capabilities can serve larger
grocery chains while also being flexible to the needs of
specialty-focused retailers.”

“We are excited about this relationship with SUPERVALU,” said The Fresh
Market President and CEO Rick Anicetti. “SUPERVALU’s experience in
wholesale grocery and logistics capabilities aligns well with our
strategic vision and will make them a valuable strategic partner for our
future. This new relationship will be highly beneficial in enhancing our
customer experience, with a focus on providing superior quality and
freshness at a greater value.”

In its role as grocery wholesaler, SUPERVALU will supply The Fresh
Market with traditional and signature grocery products across a range of
categories including meat, deli, bakery, grocery, frozen foods and
dairy. The parties intend for SUPERVALU to become The Fresh Market’s
primary distributor upon the transition of The Fresh Market’s current
distributor relationships. SUPERVALU anticipates it will begin serving
some of The Fresh Market’s stores in the fall and will take on
additional stores as the transition continues.

About The Fresh Market, Inc.

Founded in 1982, The Fresh Market, Inc. is a specialty grocery retailer
focused on providing high-quality products in a unique and inviting
atmosphere with a high level of customer service. The company currently
operates 176 stores in 24 states across the U.S. For more information,
please visit www.thefreshmarket.com.

About SUPERVALU INC.

SUPERVALU INC. is one of the largest grocery wholesalers and retailers
in the U.S. with annual sales of approximately $18 billion. SUPERVALU
serves customers across the United States through a network of 3,342
stores composed of 1,773 stores operated by wholesale customers serviced
primarily by the Company’s food distribution business; 1,368 Save-A-Lot
stores, of which 896 are operated by licensee owners; and 201
traditional retail grocery stores (store counts as of June 18, 2016).
Headquartered in Minnesota, SUPERVALU has approximately 40,000
employees. For more information about SUPERVALU visit www.supervalu.com.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE
PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995.

Except for the historical and factual information contained herein,
the matters set forth in this news release, particularly those
pertaining to SUPERVALU’s expectations, guidance, or future operating
results, and other statements identified by words such as “estimates,”
“anticipates,” “expects,” “projects,” “plans,” “intends” and similar
expressions are forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially,
including uncertainties as to the timing and scope of the transition of
The Fresh Market stores and the resulting business impacts of this new
supply agreement. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this news
release. Unless legally required, SUPERVALU undertakes no obligation to
update or revise publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.

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